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505 8th Avenue

Garment District, New York, NY
Total Size
250,000 sqft
Lot Size
2,157 sqft
Year Constructed
Year Renovated
Building Class
Number of Buildings


Lobby Attendant
Freight Elevator

About 505 8th Avenue

Rising just over 300 feet above the New York Street, 505 8th Avenue contains approximately 225,000 total square feet of rentable office space within its 25 floors. This structure was designed by Chester James Storm and was completed in 1926.

Also known as the Hoover Building, this office space is situated within Manhattan's Garment District. This prime location surrounds the building with many popular restaurants, bars, stores and hotels. The lively neighborhood ensures tenants of this building see plenty of foot traffic.

Large open areas make the units of 505 8th Avenue ideal for any business venture. Big windows cover the walls of the office spaces, which ensures there is no lack of natural light and allows tenants to look out over the city.

Tenants have access to this structure 24 hours a day, 7 days a week, and the lobby is always attended. The lobby and elevators of 505 8th Avenue were recently updated to add beauty and function to the office building.

This building was constructed in an art deco style. It is clad in light-colored stone, which gives the massive structure a softness. The decorative recessions of the top floors make 505 8th Avenue interesting to look at from every angle.

Internet Providers for 505 8th Avenue

Provider Technology Max Download Speed Max Upload Speed
Pilot Fiber Fiber
10 Gb/s
10 Gb/s
Lightower Fiber
10 Gb/s
10 Gb/s
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
tw telecom Fiber
10 Gb/s
10 Gb/s
RCN Cable
1 Gb/s
25 Mb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s

The Neighborhood: Garment District

On average, listings lease in the $50's per square foot per year. The Garment District submarket is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 10% decrease in rent.

Compared to the rest of the New York City market, the Garment District region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Median Rate Median Size
Garment District $59
Median Rate Median Size
New York City $65

Median Rate over Time in Garment District